MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

Tokyo Markets Close in:

need to know
Biden polls better than Clinton against top GOP
Nassim Taleb’s ‘Black Swan’ fund made $1 bln
Alaska’s Mount McKinley to be renamed Denali
Staples, Office Depot to delay close of merger
PBF Energy chemical leak in Del. refinery
5 silly new words in the Oxford dictionary

Apple will double the cost of next Apple TV
Apple will double the cost of next Apple TV

Apple, Amazon, Google shares on shopping lists

Scott Walker wants to build a wall — with Canada
Scott Walker wants a wall — with Canada

Italy’s Eni discovers ‘supergiant’ gas field off Egypt
Italy’s Eni discovers ‘supergiant’ gas field off Egypt

Sunday is Warren Buffett's 85th birthday
Happy 85th birthday to the $67 billion man


Now is the time to fix your investment portfolio
Now is the time to fix your investment portfolio
Both worry, be happy stocks aren’t a sure bet

Facebook users flood Mark Zuckerberg with thank you’s
Facebook users flood Zuckerberg with thanks


‘War Room’ is a ‘resounding success’ at box office

10 money stories you might have missed but shouldn’t have
10 money stories you shouldn’t have missed

By this measure, stocks have weathered the worst
By this measure, stocks have weathered the worst

Atlantic hurricanes lose sway over oil-and-gas market
Atlantic hurricanes lose sway over oil, gas markets

Blue-chips with fat dividends offer value


These are the best jobs for millennials
These are the best jobs for millennials


Have kiddie birthday parties gone too far?

Parents: You’re putting your kids in danger
Parents: You’re putting your kids in danger

Cheeseburgers and happiness always on the menu for Warren Buffett — and Jimmy Buffett, too
Farrell: Recipes for happiness, from Buffett and others

Harry Styles makes more waves for SeaWorld
Harry Styles makes more waves for SeaWorld

Never use a market order when stocks are selling off
Schwab site hit by outages in busy trade stretch
Lack of fear means this correction isn’t finished

Most imposing stock ‘wall of worry’ in 5 years
Worried? With good advice, you won't be

Meet the author of one of Wall Street’s best-read blogs
Meet the author of a best-read Wall Street blog

New Orleans 10 years after Hurricane Katrina
New Orleans 10 years after Hurricane Katrina
Hurricane Katrina: Looking back and forward
Obama in New Orleans to mark 10 years


China wins the Battle of Mountain Pass
China just undermined the U.S. Defense Department

China may be in worse shape than most of us think
What should China do to fix its economy?
Analysts dismiss fears of a China hard landing
‘Loch Ness monster’ and China's mystery rally

How Aldi stacks up vs. Trader Joe's
How Aldi stacks up against Trader Joe’s


/conga/frontpage.html 353651

Markets »

131.79MDow Volume:
Avg Vol: 112.32M
Unchanged
186
Decliners
2190
Advancers
4209
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,643 -12 0.07%
Nasdaq
/quotes/zigman/12633936/realtime 4,828 +16 0.32%
S&P 500
/quotes/zigman/3870025/realtime 1,989 +1 0.06%
GlobalDow
/quotes/zigman/629063/realtime 2,369 -4 0.18%
Gold
/quotes/zigman/662444/delayed 1,134 0 0.03%
Oil
/quotes/zigman/2331095/delayed 44.41 -0.81 1.79%
FTSE 100
/quotes/zigman/3173262/delayed 6,248 +56 0.90%
DAX
/quotes/zigman/2380246/delayed 10,299 -17 0.17%
CAC 40
/quotes/zigman/3173214/delayed 4,675 +17 0.36%
FTSE MIB
/quotes/zigman/1482176/delayed 21,994 -208 0.93%
IBEX 35
/quotes/zigman/2759620/delayed 10,353 +63 0.61%
Stoxx 600
/quotes/zigman/2380150/delayed 363 +1 0.28%
Asia Dow
/quotes/zigman/6959860/realtime 2,758 -39 1.41%
Nikkei 225
/quotes/zigman/5986735/delayed 18,936 -201 1.05%
Hang Seng
/quotes/zigman/2622475/delayed 21,498 -115 0.53%
Shanghai
/quotes/zigman/1859015/delayed 3,148 -84 2.60%
Sensex
/quotes/zigman/1652085/delayed 26,392 +161 0.61%
Singapore
/quotes/zigman/1709939/delayed 2,941 -15 0.52%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.01 0.52%
Yen
/quotes/zigman/16008150/realtime/sampled 121.04 -0.66 0.54%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 +0.00 0.26%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.35%
DXY Index
/quotes/zigman/1652083/delayed 95.76 -0.22 0.23%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.30 -0.20 0.23%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 -0.02 0.97%
German 10y
/quotes/zigman/15866409/realtime 0.75 +0.00 0.17%
Italy 10yr
/quotes/zigman/15866497/realtime 1.91 -0.02 0.80%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 +0.01 0.26%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 -0.02 0.96%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 0.00 0.50%
Crude Oil
/quotes/zigman/2331095/delayed 44 -1 1.79%
Gold
/quotes/zigman/662444/delayed 1,134 0 0.03%
Corn
/quotes/zigman/7599553/delayed 376 +1 0.20%
DJIA F
/quotes/zigman/38649152/delayed 16,455 -204 1.22%
S&P F
/quotes/zigman/30356461/delayed 1,965 -25 1.26%
Silver
/quotes/zigman/3134148/delayed 15 0 0.34%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 91.01 1.28 1.43%
AAPL /quotes/zigman/68270/composite 113.29 0.37 0.33%
GOOG /quotes/zigman/30194416/composite 630.38 -7.23 -1.13%
BAC /quotes/zigman/190927/composite 16.36 -0.08 -0.49%
C /quotes/zigman/5065548/composite 53.28 -0.16 -0.30%
F /quotes/zigman/264304/composite 13.74 0.18 1.33%
T /quotes/zigman/398198/composite 33.29 -0.15 -0.45%
BP /quotes/zigman/247026/composite 33.26 0.23 0.70%
GE /quotes/zigman/227468/composite 25.16 0.15 0.60%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/55553287/composite NK-4.87%
  • /quotes/zigman/57221/composite ARIA+41.69%
  • /quotes/zigman/1494100/composite OIL+7.27%
  • /quotes/zigman/242371/composite LGF-0.48%
  • /quotes/zigman/10294855/composite TEVA-0.26%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration

Email address

Password

Forgot password?

SmartMoney Blogs

Ask SmartMoney
Your personal finance questions, answered.

Should I Pay My Federal Student Loan Off Now?

    • Terrible advice. I’m not sure what Scott is thinking here. The loan is likely a federal loan (they do go up to 8.5%), and those cannot be consolidated at a lower interest rate.

      They could 5 years ago. Maybe Scott is living in the past?

    • Your federal student loan interest is tax deductible up to a maximum… so if you fall under that cap, put your extra money to work for you elsewhere

    • I do think the answer provided is inadequate. I have a number of student loans that I prepay because 1. The rates exceed other debt obligations (e.g. car, mortgage) 2. I cap out on my max interest rate deduction every year 3. Need to free up cash flow.

      Student loans are very difficult to manage in the sense that there really aren’t many alternatives to how you can manage them. You can 1. Repay 2. Defer 3. Default or 4. Consolidate

      I’ll start with 4. Consolidation is a terrible option for me, because once you do so, you lose all benefits of government loans (e.g. subsidized interest payments). Also, the only way to consolidate nowadays is through the government. I explored this opportunity and realized that not only would me overall interest rate be higher, but I would also be paying more monthly.

      3. Default — This is an easy one for me. Despite my financial hardships, I have this thing that I see all to rarely in our world today and it’s called principles. I do not default on my loans and I do not condone it. I also do not recommend it as there are plenty of other rather interesting ways for the government to get their student loan money.

      1. Repay or prepay — I’ve built tons of great models to target how to spend any amount of prepayments on my loans (I have way too many student loans) but in general I would say that if you have extra cash to prepay, target high interest, highest balance first. When all balances are more/less equal, target just the highest balance. For me, repayment can also be a function of cash flow. If I want to free up an additional XXX/mo, I will target loans that will allow me to do that although from a finance perspective this isn’t the best solution.

      2. Defer — Go back to school. If you have subsidized loans, guess what? The government will pay your interest if you re-enrolled in a program at least half time. I have been in school every semester since I graduated and although you have to make payments every semester you get two benefits 1. You continue your education and 2. you save tons of money on interest. Keep in mind, that you can still pay your loans while in school but the US Taxpayer is picking up the interest for you. In 3 years I’ve saved over $20k in interest to full maturity this way. You can also enroll in something simple and easy (Don’t blow up your loans even more by going to get your MBA at a private school). I got a small certification in a graduate program and am now taking programming courses for fun. It’s simple, easy and by far the most cost effective.

      These solutions, of course, work best for me and my personal finances. I know that other people’s situations differ and circumstances change what would work best but hopefully this is a more complete answer.

    • In “The Gospel of Roth- The Good News About Roth IRA Conversions and How They Can Make You Money” by John Bledsoe it clearly steats in the book that NO ANALYSIS is needed and that everyone should convert to a Roth IRA regardless of income. There is NO risk! The IRS is giving us a year to recharacterize or “undo” the conversion. This book gives the ins and outs for Roth IRAS! It really helped answer all my questions.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.
MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

Tokyo Markets Close in:

need to know
Biden polls better than Clinton against top GOP
Nassim Taleb’s ‘Black Swan’ fund made $1 bln
Alaska’s Mount McKinley to be renamed Denali
Staples, Office Depot to delay close of merger
PBF Energy chemical leak in Del. refinery
5 silly new words in the Oxford dictionary

Apple will double the cost of next Apple TV
Apple will double the cost of next Apple TV

Apple, Amazon, Google shares on shopping lists

Scott Walker wants to build a wall — with Canada
Scott Walker wants a wall — with Canada

Italy’s Eni discovers ‘supergiant’ gas field off Egypt
Italy’s Eni discovers ‘supergiant’ gas field off Egypt

Sunday is Warren Buffett's 85th birthday
Happy 85th birthday to the $67 billion man


Now is the time to fix your investment portfolio
Now is the time to fix your investment portfolio
Both worry, be happy stocks aren’t a sure bet

Facebook users flood Mark Zuckerberg with thank you’s
Facebook users flood Zuckerberg with thanks


‘War Room’ is a ‘resounding success’ at box office

10 money stories you might have missed but shouldn’t have
10 money stories you shouldn’t have missed

By this measure, stocks have weathered the worst
By this measure, stocks have weathered the worst

Atlantic hurricanes lose sway over oil-and-gas market
Atlantic hurricanes lose sway over oil, gas markets

Blue-chips with fat dividends offer value


These are the best jobs for millennials
These are the best jobs for millennials


Have kiddie birthday parties gone too far?

Parents: You’re putting your kids in danger
Parents: You’re putting your kids in danger

Cheeseburgers and happiness always on the menu for Warren Buffett — and Jimmy Buffett, too
Farrell: Recipes for happiness, from Buffett and others

Harry Styles makes more waves for SeaWorld
Harry Styles makes more waves for SeaWorld

Never use a market order when stocks are selling off
Schwab site hit by outages in busy trade stretch
Lack of fear means this correction isn’t finished

Most imposing stock ‘wall of worry’ in 5 years
Worried? With good advice, you won't be

Meet the author of one of Wall Street’s best-read blogs
Meet the author of a best-read Wall Street blog

New Orleans 10 years after Hurricane Katrina
New Orleans 10 years after Hurricane Katrina
Hurricane Katrina: Looking back and forward
Obama in New Orleans to mark 10 years


China wins the Battle of Mountain Pass
China just undermined the U.S. Defense Department

China may be in worse shape than most of us think
What should China do to fix its economy?
Analysts dismiss fears of a China hard landing
‘Loch Ness monster’ and China's mystery rally

How Aldi stacks up vs. Trader Joe's
How Aldi stacks up against Trader Joe’s


/conga/frontpage.html 353651

Markets »

131.79MDow Volume:
Avg Vol: 112.32M
Unchanged
186
Decliners
2190
Advancers
4209
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,643 -12 0.07%
Nasdaq
/quotes/zigman/12633936/realtime 4,828 +16 0.32%
S&P 500
/quotes/zigman/3870025/realtime 1,989 +1 0.06%
GlobalDow
/quotes/zigman/629063/realtime 2,369 -4 0.18%
Gold
/quotes/zigman/662444/delayed 1,134 0 0.03%
Oil
/quotes/zigman/2331095/delayed 44.41 -0.81 1.79%
FTSE 100
/quotes/zigman/3173262/delayed 6,248 +56 0.90%
DAX
/quotes/zigman/2380246/delayed 10,299 -17 0.17%
CAC 40
/quotes/zigman/3173214/delayed 4,675 +17 0.36%
FTSE MIB
/quotes/zigman/1482176/delayed 21,994 -208 0.93%
IBEX 35
/quotes/zigman/2759620/delayed 10,353 +63 0.61%
Stoxx 600
/quotes/zigman/2380150/delayed 363 +1 0.28%
Asia Dow
/quotes/zigman/6959860/realtime 2,759 -39 1.40%
Nikkei 225
/quotes/zigman/5986735/delayed 18,936 -201 1.05%
Hang Seng
/quotes/zigman/2622475/delayed 21,500 -112 0.52%
Shanghai
/quotes/zigman/1859015/delayed 3,148 -85 2.62%
Sensex
/quotes/zigman/1652085/delayed 26,392 +161 0.61%
Singapore
/quotes/zigman/1709939/delayed 2,942 -14 0.48%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.01 0.50%
Yen
/quotes/zigman/16008150/realtime/sampled 121.03 -0.67 0.55%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 +0.00 0.25%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.36%
DXY Index
/quotes/zigman/1652083/delayed 95.77 -0.22 0.23%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.30 -0.20 0.23%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 -0.02 0.97%
German 10y
/quotes/zigman/15866409/realtime 0.75 +0.00 0.17%
Italy 10yr
/quotes/zigman/15866497/realtime 1.91 -0.02 0.80%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 +0.01 0.26%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 -0.02 0.96%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 0.00 0.76%
Crude Oil
/quotes/zigman/2331095/delayed 44 -1 1.79%
Gold
/quotes/zigman/662444/delayed 1,134 0 0.03%
Corn
/quotes/zigman/7599553/delayed 376 +1 0.20%
DJIA F
/quotes/zigman/38649152/delayed 16,458 -201 1.21%
S&P F
/quotes/zigman/30356461/delayed 1,965 -25 1.24%
Silver
/quotes/zigman/3134148/delayed 15 0 0.34%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 91.01 1.28 1.43%
AAPL /quotes/zigman/68270/composite 113.29 0.37 0.33%
GOOG /quotes/zigman/30194416/composite 630.38 -7.23 -1.13%
BAC /quotes/zigman/190927/composite 16.36 -0.08 -0.49%
C /quotes/zigman/5065548/composite 53.28 -0.16 -0.30%
F /quotes/zigman/264304/composite 13.74 0.18 1.33%
T /quotes/zigman/398198/composite 33.29 -0.15 -0.45%
BP /quotes/zigman/247026/composite 33.26 0.23 0.70%
GE /quotes/zigman/227468/composite 25.16 0.15 0.60%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/55553287/composite NK-4.87%
  • /quotes/zigman/57221/composite ARIA+41.69%
  • /quotes/zigman/1494100/composite OIL+7.27%
  • /quotes/zigman/242371/composite LGF-0.48%
  • /quotes/zigman/10294855/composite TEVA-0.26%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration

Email address

Password

Forgot password?